Dow Can Fight Ruling On Payments By Trace Int'l

Law360, New York (October 22, 2009, 1:45 PM EDT) -- In a win for Dow Chemical Co., a federal judge has ruled that it can appeal her finding that a bankruptcy court erred by barring Trace International Holdings Inc.'s Chapter 7 trustee from arguing that payments Trace made to Dow were dividends instead of liabilities.

Judge Kimba M. Wood of the U.S. District Court for the Southern District of New York on Tuesday certified for interlocutory appeal a June 25 order vacating a bankruptcy court's summary judgment ruling in favor of Dow.